Forex trading is profitable if traders know the transaction at the right time base on the time in the UK, so traders must know recognized forex trading in London.
On Wednesday, December 21, Beijing time, during the Asian and European session, spot gold shock slightly down, and is currently trading near $ 1813.30 per ounce. On the one hand, the dollar fell on Tuesday, gold prices rose sharply, gold prices have some technical adjustment needs in the short term, and gold prices face nearly six months of resistance near the high pressure.
The Bank of Japan announced on Tuesday (December 20)that it had doubled the upper limit of the 10-year government bond yield, a sudden policy adjustment that shocked the market, with the dollar plunging nearly 5% against the yen during the day, once falling below 131. the dollar index was dragged lower throughout the day, falling below the 104 mark at the beginning of the U.S. session, closing down 0.69% at 103.95.
Nowadays, there are a lot of brokers in Indonesia because the forex business is growing up, fastly in this country. So, traders are confused to choose it.
Correlations between the world's most heavily traded commodities and currency pairs are common. For example, the Canadian dollar (CAD) is correlated to oil prices due to exporting, while Japan is susceptible to oil prices because it imports most of its oil. Similarly, Australia (AUD) and New Zealand (NZD) have a close relationship to gold prices and oil prices. The Australian dollar/U.S. dollar (AUDUSD) currency pairing is one of the most volatile currency pairs in the financial markets.
As More central bank meetings are expected in the coming week across Japan and Indonesia following a busy week in which the Fed and ECB signalled further rate hikes in the coming months.
The yen jumped to a four-month high against the U.S. dollar, on pace for its biggest one-day rise in 24 years, on Tuesday after the Bank of Japan stunned markets with a surprise tweak to its bond yield control program
WCG Markets:2022-12-21
Traders should create a strategy to get high profit successfully, thus traders should know the forex correlation map to support creating profitable strategies.
On Tuesday, December 20, Beijing time, during the Asian and European session, spot gold rebounded again blocked and is currently trading near $ 1791.41 per ounce. The Bank of Japan unexpectedly relaxed the control of the yield curve, the yen rose sharply, the dollar index was dragged down, gold prices once rose to near 1796; but U.S. bond yields rose more aggressively, hitting a new high of more than three weeks, so that gold prices gave back some of the gains.
On Monday, December 19, the dollar index surged to 104.95 in early U.S. trading, turning up again in late trading, but still did not recover the 105 mark, closing down 0.17% at 104.66. The euro returned to 1.06 against the dollar, the pound rose above 1.22 against the dollar, and the dollar rose above 137 against the yen.
Forex trading is equal to investing your money. It is because you will get your money increase. In the capital market, your money is like a money tree.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
What is in store for Netflix (NFLX) in 2023? It has certainly not been a good 2022 – this time last year the stock stood at around the $604 level and now it is around $290.
European indices finished today's session slightly higher, with DAX up 0.36%, as Germany’s IFO Business Climate data showed a third consecutive monthly improvement in business morale during December. Nevertheless ongoing recession fears capped upside move.
The Bank of Japan is the central bank of Japan. The bank is often called Nichigin for short. The Bank of Japan, as the central bank of Japan, decides and implements monetary policy with the aim of maintaining price1 stability.
WCG Markets:2022-12-20
The week ahead: Traders on the backfoot ahead of a quiet week
To all Traders, kindly be informed that, The European Central Bank raised its key rate by 50 basis points to 2.5%. This is the highest rate since January 2009. The central bank warns that aggressive rate hikes are far from over. Like the US Federal Reserve, the ECB expects to bring inflation to the level of 2%. Experts expect to see the final rate in the region of 3.5%.
The European Central Bank hiked interest rates by 50bps to bring the deposit rate to 2%. This comes after 2 consecutive interest rate hikes of 75bps, though Christine Lagarde said that this is by no means a “pivot”. The central bank also indicated that there will be more interest rate increases to follow, at a measured pace, as inflation forecasts were revised higher. The ECB now sees inflation for 2022 at 8.4% vs a previous forecast of 8.1%.